British Pound: Downside risks linger against US Dollar – UOB
UOB economists Quek Ser Leang and Lee Sue Ann keep a cautious stance on GBP/USD after the pair briefly broke below 1.3490 to 1.3485 before rebounding. For the next day, they expect consolidation between 1.3500 and 1.3560 as downside momentum eases.
The GBP/USD pair is likely to consolidate between 1.3500 and 1.3560 as downside momentum eases. A cautious approach is warranted given the recent brief dip below 1.3490.
UOB economists Quek Ser Leang and Lee Sue Ann keep a cautious stance on GBP/USD after the pair briefly broke below 1.3490 to 1.3485 before rebounding. For the next day, they expect consolidation between 1.3500 and 1.3560 as downside momentum eases.
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